It was subsequently renamed the Books Abroad/Neustadt Prize, and the award assumed its present name in 1976.

[10] The charter of the Neustadt Prize stipulates that the award be given in recognition of outstanding achievement in poetry, fiction, or drama and that it be conferred solely on the basis of literary merit.

The prize may serve to crown a lifetime's achievement or to direct attention to an important body of work that is still developing.

It is one of few international prizes for which poets, novelists and playwrights alike are equally eligible.

Source:[12] United States Canada United States France El Salvador Canada Netherlands Haiti Source:[32] No information provided about the individual nominations from the jurors.